Insurance Data Strategy Is a Board-Level Issue

Majesco blog published in Insurance Innovation Reporter

On Tuesday, May 6, 2014 — the day after Target’s CEO resigned amid data breaches, board members at many companies, including insurers, woke up to the reality that inattention to data security could reverse years of hard work and growth, threaten the organization and disrupt their own livelihood. But worries over data security are only half of the equation when it comes to data strategy. There is real opportunity and additional risk to be found in digital disruption and in the use of data for strategic growth.